Rise of China Essay Example | Topics and Well Written Essays - 5000 words

Rise of china - Essay Exampleinence is lots bandied somewhat as a goal of national development and is expressed frequently in the speeches of Chinese leadership and documents such as CCP National Congress Reports and Government Work Reports. In addition, foreigners often worry that Chinas rapid economic development will present a threat to the stability of the up-to-the-minute world order,Adding that, Because of this, other countries, especially a United States increasingly anxious about losing its preeminence, are often even more outspoken than Chinese pundits in proclaiming the imminent rise of a Chinese game on the global power-map. According to the 2006 report of the Chicago Council on Global Affairs, 61 percent of US citizens believe that within the next 20 years, Chinese GDP will surpass US GDP. unless interestingly, only 30 percent of Chinese citizens hold this view. The China threat theory has proliferated across the globe, part Chinese people remain bewildered as to why their country is suddenly the cause for so much international concern, (Yiwei p.1).With a surging Chinese economic present, as well as the electromotive force for the future, many in the international community have in fact been keeping a tight-fitting eye for that each country is keenly aware that any kind of economic insurgence by China can have very real consequences for everyone else, whether good or bad is left to be determined on an individual basis after viewing the facts.As for the economic history of China, The Peoples republic of China has the second largest economy in the world after the US with a GDP of just about $ 7 trillion (2007) when measured on a purchasing power parity (PPP) basis. In November 2007, it became the trio largest in the world after the US and Japan with a nominal GDP of US$3.42 trillion (2007) when measured in exchange-rate terms.5 China has been the fastest-growing major nation for the past quarter of a century with an bonnie annual GDP gr owth rate above 10%.6 Chinas per capita income has